Can the owner (100% stock) of a Sub Chapter S Corporation deduct dog food as a miscellaneous business expense?If your dog is used as a watchdog to guard your equipment yard at night, you might be able to make a case for the deduction of dog food, otherwise, forget it.Is the following true:The difference between Business Income - Business Expenses can be declared as wages or re-invested in the company. Personal expenses, such as personal auto miles, lawyer fees for a divorce, debt payments to visa for old/personal debt, non-business related food expenses, and dog food should be deducted from wages, AFTER federal income tax is paid.I think there is something slightly out of kilter in the way that you are looking at this. If you take a salary, it will be included in the business expenses. Personal expenses will never be deducted from wages. They will appear as a non-deductible expense of the corporation. For instance, if you have business income of $10,000 and business expense of $8,000 [including wages], and personal expenses of $1,000 in your Sub S corp, you will report $2,000 income from the Sub S corp, in addition to whatever you took as salary.Rip
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